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Renforth Resources inc.
Summary
| Project: | Parbec | |
|---|---|---|
| Deposit: | Parbec | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 1/23/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-1-2018: Renforth Resources inc. announces an Exploration/Drilling Update report for its Parbec deposit at the Parbec project. Drilling results incl. 23.2m @ 1.25g/t Au from 89.9m. Renforth Resources Inc. (CSE – RFR) (“Renforth” or the “Company”) is ple | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Mark Wellstead (Not stated) | |
| ABSTRACT: | Renforth Resources Inc. (CSE – RFR) (“Renforth” or the “Company”) is pleased to announce that December 2017 drilling has extended the mineralized resource model horizons at Parbec by 60m on strike to the NW with gold intersected in each of seven holes. In fact, the north-westernmost, PAR-17- 69, encountered gold over a total of 22m in one lithology. The December drill program was a success and validated management’s interpretation of the deposit. A comprehensive program summary, including assay results, discussion of results of each hole, an illustration of the drillholes relative to the tuff horizon of the resource model and comparison to the adjacent East Amphi Mine portion of the Canadian Malartic Mine property are all included in this press release. Renforth has made the January 2018 payment of $125,000 required under the option agreement, at this time the January 2018 drill program at Parbec is ongoing, results for the current program will be released once available. “Our first exploration drilling at Parbec extended the mineralization outside of our model, or filled in gaps within our model, with every drillhole. With downdip, updip and strike extensions where our resource model and geological understanding indicated they should be found we have validated our model and increased the known mineralization at Parbec. It is very exciting to have the opportunity to build value while we grow our deposit size right beside one of Canada’s largest goldmines, in a very mature mining camp, in the most cost-effective project setting we could desire. I look forward to continuing to drill off this deposit.” States Nicole Brewster, President and CEO of Renforth. | |
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